378 Main StTrappe, PA 19426

Property Details for 378 Main St

Year built

1857

Lot size

0.53 AC

Property size (Sq ft)

6,682 SF

Zone code

C1

Property type

Investment properties

Property subtype

Live-work space

APN

23-00-00643-00-9

APU

230000643009

Description

This exceptional multi-use property at 378 W Main Street, Trappe, PA, offers 6,682 square feet of versatile space, ideally suited for a variety of businesses. Originally a spa, the building boasts elegant interiors and a tranquil ambiance. The first floor encompasses 3,447 square feet, featuring an elegant foyer, showcase space, four large treatment rooms (configured as a salon, manicure, pedicure, and hair wash area), two half baths, an employee kitchenette, and a management office. The second floor (1,236 sq ft) includes seven treatment rooms (three with water hookups), a full bath, and storage. The third floor (540 sq ft) offers two treatment rooms (one with water hookup) and a large relaxation room with a fireplace. A 1,108-square-foot unfinished basement provides additional storage and laundry facilities (washer/dryer included). A 322-square-foot patio complements the main space. This prime location ensures high visibility and convenient access for clients. The property's layout allows for extensive customization to meet specific business needs. A three-year lease is offered, with a discounted first-year rent of $6,300 to facilitate a successful business launch. The 1.37-acre lot provides ample space and opportunity. This property presents a unique chance to establish a thriving business in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,682,960

  6.5%

  $1,553,502

  7%

  $1,442,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $857,565

  Geo Method

  $873,070

• Alternative Use

  Use

  Valuation

  Residential

  $1,926,342

  Hospitality

  $1,764,519

  Educational

  $1,468,059

  Medical

  $1,518,548

  Retail

  $2,283,647

Location Insight

City

Trappe

County

Montgomery

State

Pennsylvania

Latitude

40.1977

Longitude

-75.4742

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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